126Studio B With Shepard Smith
98America's News Headquarters
>>> from washington, "the mclaughlin group," the american original. for over two decades, the sharpest minds, five dollars a gallon! >> gas prices are climbing across the country, and when gas prices go up it hurts everybody -- everybody who owns a car, everybody who owns a business. >> $3.74. that's the average cost for a single gallon of gas in the u.s. now. that 3.74 is a spike of more than 30 cents over the last 30 days. rising gas prices mean less consumer money for goods, like groceries, cars, houses, pharmaceuticals. that zeroing out of consumer spending brings the economy to a standstill. so why are gas prices shooting up? president obama tells us. >> the single biggest thing causing the price of oil to spike right now is instability in the middle east. this time, iran. >> the president is referring to iran's control of the strait of hormuz, a water pathage that controls some 20% of the world's oil. israel go to war with each other. mr. obama also attributes the gas price hike to massive superpower consumption, named by him -- india, brazil, china. >> over the long-ter
fighting very hard. but i think reasonableness may descend on washington and it is something that we should all applaud. >> ryan grim, do you think we will have reasonable connection on this? >> i don't think so. there was another meeting on thursday, and the white house made it very clear that they're not giving much. the white house feels very burned by the 2011 debt ceiling negotiations. they feel like they have the leverage. and they're leaving it up to boehner to capitulate. >> do you think that president obama feels that he has unilateral control of the purse? >> no, but they think that they have enough leverage that they can force republicans to put the debt ceiling into any package that they eventually come up with. and if they don't, he feels like there is some other way that he can force them to deal with this issue. >> if this is a power of the purse issue and it falls on congress, not on the president, the president would be overstepping his power. because he -- does he want to have unilateral control defacto of the purse? >> no, i don't think i wants unilateral control.
>>> from washington, the mclaughlin group, the american original. for over three decades, the sharpest minds, best sources, hardest talk. >> the mclaughlin group is brought to you in part by american petroleum institute. >>> on new years day, and during the first week of january, the u.s. economy will be hit by $600 billion of automatic tax increases. and automatic spending cuts. the phenomenon known as the fiscal cliff. if that happens, it will trigger a recession, or worse. so, president obama is taking action and insisting that republicans agree to increase the existing marginal tax rates on the wealthiest top 2% of u.s. taxpayers. and of course, there is more to the deal. but there will be no negotiations on that big part of the deal unless that tax on the wealthiest 2% is negotiated now. the president could not be more emphatic in stressing the indispensable element of surmounting the cliff is that super-rich revenue. >> we're not insisting on rates just out of spite. or out of any kind of partisan bickering. but rather because we need to raise a certain amount of revenue
>>> from washington, the mclaughlin group, the american original. for over three decades, the hardest talk. this land is your land, this land is my land, from california to the new york island. >> monday night, third and final presidential debate was on foreign policy. and the most sensitive and dangerous foreign policy issue, which is the bomb. >> as long as i'm president of the united states iran will not get a nuclear weapon. >> a nuclear iran number clear capable iran is unacceptable to americ israel. and if israel is attacked, we have their back. >> if israel is attacked, america will stand with israel. >>> president obama and governor romney were largely in agreement on a range of foreign policy concerns. particularly those centering on the middle east. the ouster of former president mubarak of egypt, the 2014 exit date for afghanistan, the killing of terrorists with nutes romney and obama echoed each other. >> question. is bipartisanship now back in style at least when it comes to foreign policy in a presidential debate? pat buchanan? >> no it isn't but they are moving
Fetching more results